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By A Smith (anonymous) | Posted June 09, 2011 at 16:08:26 in reply to Comment 64765
>> wonder how this would explain Halton Region
You make an excellent point. Milton is growing very fast with far lower tax rates and higher development fees. Perhaps we should copy them and lower our tax rates to...
Residential - .851% from 1.479%
Commercial - 1.983% from 3.915%
Industrial - 3.125% from 5.563%
and then up our development fees.
When you consider that development fees only gave Hamilton $11M in 2009, compared to $675M in taxes, following this model would force the Hamilton to temporarily take on more debt and/or cut back on services.
But you're exactly right, if we want to enjoy strong growth like Milton, we should probably learn from what they are doing.
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